FM plans to place its representatives across all Sebi panels

January 12, 2019

Ministry of Finance (MoF) is planning to place its representatives across all committees empanelled by capital market regulator Securities and Exchange Board of India (Sebi), it is learnt. The Department of Economic Affairs (DEA) has directed the market regulator to provide a list of all the committees constituted so far, according to sources.

Other side Capital market regulator Sebi has rationalised constitution of regulatory committees at market infrastructure institutions such as stock exchanges and depositories to ensure an effective oversight of functioning of such entities by giving more powers to public interest directors.

Sebi also said that a stock exchange after grant of recognition can commence trading operations with a minimum of 25 trading members, in place of the earlier requirement of minimum 50 members.